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Hi all - I am about to embark on my first (true) rental property. I went under contract on an as-is duplex in Gloucester City, NJ at what I feel is about 10-15% below market value with the intent to buy and hold, rent...
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I am going to be a first time land lord. I do not want to hire a property management company for my first rental property. ( its a fourplex btw) What books or articles do you recommend me to read?
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Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $225,000
Cash invested: $56,000
Purchased 4-plex from a wholesaler. No vacancies when I took over and at a ...
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Property owners in Oklahoma City - do you water your foundations? I just found out foundations in OKC are susceptible to having issues... I had a couple questions if anyone's willing to weigh in:1. Do you do it every ...
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Hello, I would like some advice on a property that my family owns.It is two SFR's on one lot (detached) in LA County that was bought in the early 80's and is now owned free and clear. It has an NOI of ~30,000 and I th...
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When combining section 121 gain and 1031 exchange, can you take out the section 121 gain or does it have to be included in the cost of the replacement property?For example, relinquished property is sold for $800K with...
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Hello fine people of BiggerPockets,
I recently stumbled upon a startup, which is far as I can tell, looks similar to something like a Fundrise, just using the blockchain and tokenized real estate shares for cheap, an...
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Many times I have to address the difference between Replacement Cost and Market Value to my clients. Unfortunately, there is a disconnect between Mortgage Underwriters and the actual distinction between the two. The m...
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I am a newbie to BP and just in time! I have declared 2015 as the year I begin investing in RE. I have wanted to break into the field for over 10 years but felt completely unequipped. I didn't know how or where to sta...